A Popular Restaurant Now Makes An Unexpected Closure

A popular restaurant now makes an unexpected closure after 21 years of service to its customers, devastating its staff.

The Melting Pot in Westwood, New Jersey announced its closure through a message posted on Facebook and the restaurant’s website.

“We regret to announce that Melting Pot of Westwood will be closing for business on Sunday, June 2, 2024.

The location is closing indefinitely due to the opportunity to sell the property,” the statement read.

“It has been an honor and privilege to have served the Westwood community for 21 years and be a part of fondue celebrations since 2003.”

The statement continued on the fondue restaurant’s website, thanking staff and customers for their many years of business.

“We would like to thank our many loyal guests; it has been a pleasure serving you all these years and we are grateful for your business.

Often, family celebrations such as birthdays, anniversaries, graduations or other happy occasions, I hope we played our part,” they wrote.

However, diners expressed concerns about their upcoming reservations in the Facebook post.

“Someone from this Melting Pot needs to call me!!! I have reservations here for a sweet 16 at the end of June!” wrote one person.

“I booked a limo to bring 14 girls to the restaurant.

The invitations have already gone out! This is how I find out!”

She added that when she called the restaurant, she was told the staff found out about the closing through Facebook, the same way she did.

Fortunately, diners with gift cards for the restaurant can still use them at any Melting Pot location.

There are two other locations in New Jersey in Maple Shade and Red Bank, but the closest one to Westwood is in White Plains, New York.

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Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Popular Restaurant Now Makes An Unexpected Closure.
Market News Today – A Popular Restaurant Now Makes An Unexpected Closure.

A massive manufacturer is now laying off 300 workers at two major facilities, part of a plan to cut a whopping $80 million in costs.

Emergent Biosolutions will lay off 300 employees and close two drug production facilities in Baltimore and Rockville, Maryland, according to a May 1 press release.

The pharmaceutical manufacturer is in the midst of restructuring operations with plans to save up to $80 million.

The company will instead focus on its facilities in Lansing, Michigan, and Winnipeg, Canada, President and CEO Joe Papa said in a Q1 earnings call.

Emergent Biosolutions will continue to prioritize its core products business, including Narcan nasal spray to address the opioid crisis, and medical countermeasures for its patients and customers, including U.S. agencies like the Department of Defense and other allied governments, the release stated.

For its Narcan spray, the pharma company continues “to be well prepared to meet anticipated demand from a supply and manufacturing perspective,” Papa said in the call.

“However, after a careful review by our Board and management team, we need to restructure the way we operate, create a customer-focused, leaner, more flexible team and a streamlined manufacturing footprint that will still allow us to supply all the products needed by our customers,” he said.

As part of the reorganization, a new chief science officer role has been created and will report to the CEO.

The company recently hired Papa to be its president and CEO in February.

The restructuring plan will cost $18 million to $21 million, which is expected to be primarily incurred in H2 of 2024.

In addition to the 300 job cuts, the company will eliminate about 85 job openings, according to the release.

A similar restructuring occurred in August when Emergent laid off approximately 400 employees to cut costs and move away from its contract drug manufacturing business, which ran into several headwinds.

Despite the job cuts, the year is looking up.

In January, the company signed a 5-year, $236 million contract with the DOD to supply its previous anthrax immunization, BioThrax, to various military branches.

The company also reported $300.4 million in Q1 revenues, about $76 million higher than expected.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

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Market News Today - A Popular Restaurant Now Makes An Unexpected Closure.
Market News Today – A Popular Restaurant Now Makes An Unexpected Closure.

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